MarketLit, Released on 12/2/21

In his interview with MarketLit host Lelde Smits Jim explains why he believes bitcoin has more in common with casino chips than it does with stocks, bonds, private equity, and really investable assets. Jim also provides his price guidance for bitcoin, believing it could go as high as $200,000 but crash to as low as $10,000, and warns about the collapse of civilization as stock markets scramble to catch up. “If money loses all value then assets will not be far behind. The only value of assets will be if they are highly tangible. Gold will be valued by weight, property by acreage, natural resources… all tangible things. We will stop thinking about it as ‘dollar per serve’. When the money will be gone only the assets will remain.”

0:00-2:15 – What will it take to buy Bitcoin?
2:15 -2:48 – Current price prediction for bitcoin
2:48-3:56 – Cultural acceptance
3:56-5:16 – Loose the concept of tangible money
5:16-6:23 – Assets of value
6:23-8:54 – Diversification
8:54-9:28 – Conclusion

Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is The New Great Depression: Winners and Losers in a Post-Pandemic World.

  bitcoin, Crypto, cryptocurrency, dollar collapse, gold